Chapter 710: Bullish and Short

Benjamin Rothschild was worried that if there were other forces behind this, it would not just be a single leak, but a whole mess...

After all, the troubled trader Peter had disappeared, so it was impossible to get to know the inside story at the first time, and it would take time to thoroughly investigate this matter.

And their family had been passed down until now, and it could be said that they had encountered all kinds of conspiracies, and the fact that they could survive until now was entirely the result of their cautious actions.

"Mr. President, do we need to call the police?"

Hearing his subordinates' question, Benjamin Rothschild hesitated for a moment and said decisively:

"Don't call the police for now, but you can use all means to find that damn bastard first!"

Now the losses of their NM Rothschild Bank are only known to a few people inside the bank, so it is not surprising that Benjamin Rothschild made this decision, because this matter involves the proprietary investment department of the NM Rothschild Group. He certainly does not want the news to be leaked, otherwise, in addition to the losses that have not been calculated in detail, the indirect losses caused by it will be even more immeasurable.

So now their most important thing is to find the trader named Peter.

According to the information they have now, it took less than 12 hours from the last time Peter appeared to the discovery of his disappearance, and based on the clues obtained by the Rothschild family through their relationship, the other party has no record of leaving the country...

This means that either Peter left with a fake passport, or he is still in France.

Even if the police were not called, the resources and manpower available to the Rothschild family were not inferior to those of the French police. Therefore, what Pitt was facing at this time was even a more stringent arrest network than the police's wanted list.

I'm afraid that the other party is indeed related to other forces. With this support, it is very likely that he has fled outside France, or even to Africa, South America and other places where their tentacles are difficult to sniff.

However, Benjamin Rothschild felt a little relieved because a few hours later, they got the news that they found trader Peter near the French border, and he was about to drive across the border to Italy...

After controlling Peter, the Rothschild family immediately interrogated the trader who caused heavy losses to the investment department of NM Rothschild Bank, and in order to obtain the real situation in the shortest time, they also used some "small tricks"...

The information finally obtained showed that during all of Peter's transactions, he did not accept orders from any other forces or individuals, and even during this period, due to the continuous pressure, except for occasional "relaxation", he did not even contact anyone else.

It was just because he himself analyzed that gold would rise for a while, so he bet on gold futures.

But he found that for a long period of time, the fluctuation of gold price was very small, and the fluctuation was even less than 1%. Because of the previous investment failure, he was under pressure of performance, so he unconsciously expanded the leverage multiples on gold futures - after all, he was very sure of the rising trend of gold prices, and according to his analysis, with the current curve of gold prices, there was no room for decline.

Facts have proved that Pete's analysis was correct, at least at the beginning.

The international gold price did rise slightly, and Pete also got a rich return through this investment, which not only made up for the previous losses, but also made him get a satisfactory bonus.

It was also because of the high leverage before that Pete was a little worried. After the gold price rose slightly and he had a satisfactory return, he closed the position.

But what he didn't expect was that even after he closed the position, the international gold price did not stop, and continued to rise, from less than $1,000 per ounce at the beginning, to more than $1,100 per ounce.

But the more so, because he had already closed his gold futures position, he dared not continue to enter the market to go long at the current price.

After all, although he believed that the international gold price would generally be an upward channel for quite a period of time, there would inevitably be some retracements during this period. He was prepared to wait until the gold price retreated and then enter the market again at a relatively low price.

After all, although there are many other investment targets, in the past six months, he has studied gold futures the most, and this investment product is still easy to make.

While Pete was waiting, the international gold price rose slowly again, breaking through $1,180 per ounce, and it was about to break through $1,200 per ounce.

If you don’t know what the current gold price is at this time-the price when Colo bought the gold spot held by the British Fortune Era (BFT) Fund at a "high price" was $1,000 per ounce. After that, the international gold price was affected by the subprime mortgage crisis and once fell to $700 per ounce!

Therefore, facing the fact that the international gold price was about to break through $1,200 per ounce, Pete began to get restless. He was sure that the international gold price would go up for a long period of time, perhaps two or three years, or maybe three to five years.

But this process is destined not to be a smooth upward curve. There will inevitably be some retracements, and then the data will be corrected, the price will be continuously consolidated, and finally it will break through again and again.

Therefore, the integer price of $1,200 per ounce at this time is not so easy to break through, or in other words, the probability of standing firm at this price after a breakthrough is very small. In this process, there will definitely be a fierce confrontation between the long and short sides, and finally the trend can be determined.

And before finally standing at the price of $1,200 per ounce, there will inevitably be a decline to finally stabilize this price.

In this way, after hesitating for a night, Pete finally decided to short gold futures near the integer price of international gold at $1,200 per ounce!

Because the result of his repeated thinking and analysis is that if he goes long on gold futures, it is difficult to determine the specific price of the current integer retracement, so he needs to wait for the retracement price to stabilize before continuing to go long.

But this time may be one or two weeks, or one or two months, or even half a year...

Then he will hardly have any performance during this period of time.

And because the entire LCR Rothschild Group, including NM Rothschild Bank, has recently carried out some mergers and acquisitions, and affected by the general environment, personnel adjustments will be made...

At this time, Pete naturally does not want to be in the sight of being "adjusted".

In contrast, although he believes that the big cycle is the rising period of gold prices, now that the international gold price is about to break through $1,200 per ounce, the long and short battles before the price breakthrough, or even short-term decline adjustments, are inevitable.

You know, even at the beginning of the subprime mortgage crisis, when the international gold price rose, it had not yet broken through $1,200 per ounce!

Since the short-term decline in gold prices is a high probability event, he made the decision to short near this price.

Of course, in order to make up his mind, he also went to drink some wine that night...